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Top 10 at 10: The ASX tech, rare earths and lithium stocks leading the charge with big gains
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Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.
It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AO1 | Assetowl Limited | 0.002 | 100% | 150,000 | $1,572,130 |
| MSL | MSL Solutions Ltd. | 0.2825 | 71% | 2,612,461 | $60,906,510 |
| LYN | Lycaonresources | 0.47 | 52% | 374,132 | $10,204,813 |
| 1VG | Victory Goldfields | 0.26 | 44% | 4,104,885 | $8,951,426 |
| JTL | Jayex Technology Ltd | 0.008 | 33% | 239,198 | $1,495,371 |
| LNU | Linius Tech Limited | 0.004 | 33% | 5,976,973 | $7,234,599 |
| CBH | Coolabah Metals Limi | 0.125 | 25% | 11,777 | $3,370,000 |
| ROO | Roots Sustainable | 0.0025 | 25% | 334,832 | $1,830,865 |
| WR1 | Winsome Resources | 1.03 | 23% | 2,960,989 | $113,495,755 |
| SMX | Security Matters | 0.17 | 21% | 80,002 | $23,507,615 |
SaaS tech provider to sports, leisure and hospitality sectors MSL Solutions (ASX:MSL) has recommended a 29.5c per share takeover offer from Pemba Capital Partners valuing the company at $119m.
That’s an 80.7% premium to the one-month volume weighed average price.
Lycaon Resources (ASX:LYN) is buying a project near WA1 Resources’ (ASX:WA1) big niobium-REE discovery at West Arunta region of WA.
Victory Goldfields (ASX:1VG) says its ionic clay rare earths discovery at North Stanmore is “developing into a project of significant scale”.
Video tech stock Linius (ASX:LNU) has inked a deal with Cricket Australia to “to create new content experiences from its archive” comprising +20,000 hours of content.
And red hot lithium stock Winsome Resources (ASX:WR1) will raise $6.8m at $1.67 a share – an unprecedented 98% premium to the last closing price.
$143m market cap WR1 is now up 215% over the past month.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CAD | Caeneus Minerals | 0.003 | -25% | 755,000 | $21,382,420 |
| PCL | Pancontinental Energ | 0.004 | -20% | 680,000 | $37,771,114 |
| RMX | Red Mount Min Ltd | 0.004 | -20% | 250,000 | $8,211,819 |
| MAN | Mandrake Res Ltd | 0.039 | -17% | 1,401,740 | $25,121,496 |
| EMU | EMU NL | 0.005 | -17% | 200,000 | $4,123,609 |
| NGY | Nuenergy Gas Ltd | 0.018 | -14% | 499,999 | $31,100,065 |
| BUY | Bounty Oil & Gas NL | 0.006 | -14% | 150,000 | $9,593,507 |
| DCX | Discovex Res Ltd | 0.003 | -14% | 5,000,000 | $11,558,988 |
| LLI | Loyal Lithium Ltd | 0.59 | -13% | 144,216 | $31,783,200 |
| AMD | Arrow Minerals | 0.004 | -11% | 16,666 | $9,151,943 |
